IndexIQ Advisors LLC Has $663,000 Position in ARBOR RLTY TR I/SH (ABR)

IndexIQ Advisors LLC decreased its position in ARBOR RLTY TR I/SH (NYSE:ABR) by 10.4% in the 1st quarter, Holdings Channel reports. The firm owned 51,109 shares of the real estate investment trust’s stock after selling 5,925 shares during the period. IndexIQ Advisors LLC’s holdings in ARBOR RLTY TR I/SH were worth $663,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Teachers Advisors LLC lifted its holdings in shares of ARBOR RLTY TR I/SH by 55.7% during the third quarter. Teachers Advisors LLC now owns 152,183 shares of the real estate investment trust’s stock valued at $1,747,000 after purchasing an additional 54,416 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in shares of ARBOR RLTY TR I/SH by 6.2% during the third quarter. TIAA CREF Investment Management LLC now owns 122,916 shares of the real estate investment trust’s stock valued at $1,411,000 after purchasing an additional 7,146 shares during the last quarter. Morgan Stanley lifted its holdings in shares of ARBOR RLTY TR I/SH by 1.7% during the third quarter. Morgan Stanley now owns 1,084,260 shares of the real estate investment trust’s stock valued at $12,447,000 after purchasing an additional 18,052 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of ARBOR RLTY TR I/SH by 10.5% during the third quarter. Vanguard Group Inc. now owns 2,784,271 shares of the real estate investment trust’s stock valued at $31,964,000 after purchasing an additional 264,837 shares during the last quarter. Finally, Vanguard Group Inc lifted its holdings in shares of ARBOR RLTY TR I/SH by 10.5% during the third quarter. Vanguard Group Inc now owns 2,784,271 shares of the real estate investment trust’s stock valued at $31,964,000 after purchasing an additional 264,837 shares during the last quarter. 47.29% of the stock is owned by hedge funds and other institutional investors.

ABR has been the subject of a number of recent analyst reports. TheStreet lowered shares of ARBOR RLTY TR I/SH from a “b-” rating to a “c+” rating in a report on Friday, May 17th. BTIG Research set a $14.00 price objective on shares of ARBOR RLTY TR I/SH and gave the stock a “buy” rating in a report on Wednesday, April 17th. ValuEngine upgraded shares of ARBOR RLTY TR I/SH from a “hold” rating to a “buy” rating in a report on Friday, March 1st. Finally, Deutsche Bank lowered shares of ARBOR RLTY TR I/SH from a “buy” rating to a “hold” rating and set a $11.00 price objective for the company. in a report on Tuesday, February 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. ARBOR RLTY TR I/SH currently has a consensus rating of “Hold” and an average price target of $12.31.

Shares of NYSE ABR opened at $13.37 on Wednesday. ARBOR RLTY TR I/SH has a twelve month low of $9.27 and a twelve month high of $13.94. The company has a market capitalization of $1.14 billion, a P/E ratio of 11.05 and a beta of 0.62. The company has a quick ratio of 13.12, a current ratio of 13.17 and a debt-to-equity ratio of 2.04.

ARBOR RLTY TR I/SH (NYSE:ABR) last announced its quarterly earnings data on Friday, May 10th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. ARBOR RLTY TR I/SH had a net margin of 46.30% and a return on equity of 13.61%. The company had revenue of $71.28 million during the quarter, compared to analyst estimates of $29.10 million. During the same period in the previous year, the business earned $0.25 EPS. Sell-side analysts expect that ARBOR RLTY TR I/SH will post 1.05 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 23rd will be issued a $0.28 dividend. This is a positive change from ARBOR RLTY TR I/SH’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a yield of 8.38%. The ex-dividend date is Wednesday, May 22nd. ARBOR RLTY TR I/SH’s payout ratio is presently 89.26%.

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About ARBOR RLTY TR I/SH

Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets. The company operates in two segments, Structured Business and Agency Business. It primarily invests in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related notes and various mortgage-related securities.

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Institutional Ownership by Quarter for ARBOR RLTY TR I/SH (NYSE:ABR)

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